Invest Ottawa’s newest accelerator program will give a booster shot to entrepreneurs looking to make an impact on the healthcare sector.
The economic development agency unveiled its health-tech pre-accelerator pilot program this week. While Invest Ottawa already operates a full accelerator program aimed at tech firms and a pre-accelerator for fledgling entrepreneurs just launching their businesses, the new program will run participants through the basics of launching a startup as well as the nuances of operating in the medical field.
Entrepreneurs will get a crash course on navigating barriers to innovation in healthcare such as complex regulatory requirements and long-entrenched institutional hierarchies. Through the program, participants can get their start on mobile health, telemedicine or other healthcare IT solutions.
The health-tech pre-accelerator includes access to Invest Ottawa’s mentors and network of entrepreneurs, as well as workspace at Bayview Yards.
The program wraps up with a pitch to hospital executives, industry experts and potential investors.
Applications are being accepted until Nov. 1.